Stefano Fugazzi (ABC Economics) – Between December 2014 and May 2015, an average of $2 trillion in sovereign debt, much of it being issued within the Eurozone, was trading at negative yields. Current interest rates (also known as “policy rates”) are lower than at the height of the 2008-09 crisis both in nominal and real terms. Although policymakers have … Continue reading →

Fonte/Source: The Economist. IT IS the economics book taking the world by storm. “Capital in the Twenty-First Century”, written by the French economist Thomas Piketty, was published in French last year and in English in March of this year. The English version quickly became an unlikely bestseller, and it has prompted a broad and energetic … Continue reading →

Fonte/Source: The New Statesman, Last week, the Chancellor announced he was committing £4m of LIBOR fines to the newly-created Virgin Money Foundation, taking from “those who’ve demonstrated the worst values, to support the charitable causes in the northeast that demonstrate the best of British values.” Following the collapse of its predecessor the Northern Rock Foundation over … Continue reading →